7 December 2018 (8:49 am IST)
Indian stock markets are expected to open higher in today’s session, after yesterdays’ big fall, especially in Nifty.
SGX Nifty has gained 60 points in early trading but on charts, but trading mostly in a narrow range as global cues are still mixed.
Nifty and broader markets are expected to trade within yesterday’s trading range and day traders can take help of intraday support and resistance levels for trade entry and exit points. For major indexes, these levels are given on our Pivot Trading page. Individual levels for indexes are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
The weekly and long term trend is still highly negative for these markets and the intraday trend is expected to remain sideways and could be very volatile.
For day trading, trade with the short term trend between important support and resistance levels.